<PAGE> 1

                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                                FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

                For the Quarter Ended March 31, 2002


                      Commission File Number 0-24721



                         LEXON TECHNOLOGIES, INC.
           -----------------------------------------------------
          (Exact Name of Registrant, as Specified in its Charter)


              Delaware                                  87-0502701
-------------------------------           ----------------------------------
(State or other Jurisdiction of          (IRS Employer Identification Number)
 Incorporation or Organization)



             13237 Montfort Drive, #205, Dallas, Texas 75240
             -----------------------------------------------
                 (Address of Principle Executive Offices)


                             (972)386-6054
           --------------------------------------------------
          (Registrant's Telephone Number, Including Area Code)


Indicate, by check mark, whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

(1) Yes X   No       (2) Yes X   No
       ---    ---           ---    ---

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Common Stock, $.001 par value                        16,486,831
-----------------------------                  ----------------------------
     Title of Class                            Number of Shares Outstanding
                                               as of April 30, 2002

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                        PART I FINANCIAL INFORMATION

                        ITEM 1.  FINANCIAL STATEMENTS

                  LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
                             FINANCIAL STATEMENTS
                                 (UNAUDITED)

     The accompanying financial statements have been prepared by the
Company, without audit, in accordance with the instructions to Form 10-QSB
pursuant to the rules and regulations of the Securities and Exchange
Commission and, therefore may not include all information and footnotes
necessary for a complete presentation of the financial position, results of
operations, cash flows, and stockholders' equity in conformity with generally
accepted accounting principles.  In the opinion of management, all adjustments
(which include only normal recurring accruals) necessary to present fairly the
financial position and results of operations for the periods presented have
been made.  These financial statements should be read in conjunction with the
accompanying notes, and with the historical financial information of the
Company.
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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheets

ASSETS
                                                  March 31,      December 31,
                                                    2002            2001
                                                -----------      -----------
                                                (Unaudited)
CURRENT ASSETS
 Cash                                          $          -     $        555
 Cash held in trust                                  31,785                -
                                                -----------      -----------
   Total Current Assets                              31,785              555
                                                -----------      -----------
TOTAL ASSETS                                   $     31,785     $        555
                                                ===========      ===========


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts payable                              $    302,101     $    673,321
 Accrued interest                                     1,687           42,067
 Accrued wages                                      347,136          324,386
 Other accrued expenses                               7,266            7,279
 Notes payable, related parties                           -          265,000
 Convertible note payable                           150,000                -
                                                -----------      -----------
   Total Current Liabilities                        808,190        1,312,053
                                                -----------      -----------
STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock, par value $0.001 per share;
  authorized 100,000,000 shares; 16,486,831
  and 15,872,561 shares issued and outstanding
  respectively                                       16,487           15,873
 Additional paid-in capital                       1,313,719        1,309,133
 Accumulated deficit                             (2,106,611)      (2,636,504)
                                                -----------      -----------
   Total Stockholders' Equity (Deficit)            (776,405)      (1,311,498)
                                                -----------      -----------
TOTAL LIABILITIES AND STOCKHOLDERS'
 EQUITY (DEFICIT)                              $     31,785     $        555
                                                ===========      ===========



The accompanying notes are an integral part of these consolidated financial
statements.

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)
<TABLE>
<CAPTION>
                                                                               From Inception of
                                                                                the Development
                                                          For the               Stage(January 1,
                                                     Three Months Ended          2002) Through
                                                          March 31,                March 31,
                                                    2002            2001             2002
                                                -----------      -----------      -----------
<S>                                          <C>              <C>              <C>
NET SALES                                      $          -     $     84,617     $          -

COST OF SALES                                             -              217                -
                                                -----------      -----------      -----------
GROSS MARGIN                                              -           84,400                -
                                                -----------      -----------      -----------
EXPENSES
 Selling, general and administrative                108,906          221,830          108,906
 Depreciation and amortization                            -            5,112                -
                                                -----------      -----------      -----------
   Total Expenses                                   108,906          226,942          108,906
                                                -----------      -----------      -----------
(LOSS) FROM OPERATIONS                             (108,906)        (142,542)        (108,906)
                                                -----------      -----------      -----------
OTHER INCOME (EXPENSE)
 Interest expense                                    (1,687)         (14,920)          (1,687)
                                                -----------      -----------      -----------
   Total Other Income (Expense)                      (1,687)         (14,920)          (1,687)
                                                -----------      -----------      -----------
NET LOSS BEFORE EXTRAORDINARY ITEMS                (110,593)        (157,462)        (110,593)

EXTRAORDINARY ITEMS
 Debt forgiveness                                   640,486                -          640,486
                                                -----------      -----------      -----------
   Total Extraordinary Items                        640,486                -          640,486
                                                -----------      -----------      -----------
NET INCOME (LOSS)                              $    529,893     $   (157,462)    $    529,893
                                                ===========      ===========      ===========
BASIC INCOME (LOSS) PER COMMON SHARE
 Before extraordinary items                    $      (0.01)    $      (0.01)
 Extraordinary items                                   0.04             0.00
                                                -----------      -----------
   Basic Income (Loss) Per Common Share        $       0.03     $      (0.01)
                                                ===========      ===========
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING       16,356,129       15,872,561
                                                ===========      ===========

</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows
(Unaudited)
<TABLE>
<CAPTION>

                                                                               From Inception of
                                                                                the Development
                                                          For the               Stage(January 1,
                                                     Three Months Ended          2002) Through
                                                          March 31,                March 31,
                                                    2002            2001             2002
                                                -----------      -----------      -----------
<S>                                          <C>              <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Net income (loss)                             $    529,893     $   (157,462)         529,893
 Adjustments to reconcile net income (loss)
  to net cash(used in) operating activities:
  Depreciation and amortization                           -            5,112                -
  Debt forgiveness                                 (640,486)               -         (640,486)
 Changes in operating assets and liabilities:
  Decrease in accounts receivable                         -            6,256                -
  Increase (decrease) in accounts payable and
   accrued expenses                                  (3,077)         143,149           (3,077)
                                                -----------      -----------      -----------
   Net Cash (Used in) Operating Activities         (113,670)          (2,945)        (113,670)
                                                -----------      -----------      -----------
CASH FLOWS FROM INVESTING ACTIVITIES                      -                -                -
                                                -----------      -----------
CASH FLOWS FROM FINANCING ACTIVITIES
 Bank overdraft                                           -            1,072                -
 Proceeds from notes payable                        150,000                -          150,000
 Principal payments under notes payable              (5,100)          (5,000)          (5,100)
                                                -----------      -----------      -----------
   Net Cash Provided by (Used in) Financing
    Activities                                      144,900           (3,928)         144,900
                                                -----------      -----------      -----------
NET INCREASE(DECREASE) IN CASH                       31,230           (6,873)          31,230

CASH AT BEGINNING OF YEAR                               555            6,873              555
                                                -----------      -----------      -----------
CASH AT END OF YEAR                            $     31,785     $          -     $     31,785
                                                ===========      ===========      ===========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW
 INFORMATION
 Cash paid for:
  Interest                                     $          -     $          -     $          -
  Income Taxes                                 $          -     $          -     $          -

</TABLE>




The accompanying notes are an integral part of these consolidated financial
statements.

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2002 and December 31,2001


NOTE 1 -BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed financial statements have been prepared
by the Company pursuant to the rules and regulations of the Securities and
Exchange Commission.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted in accordance
with such rules and regulations.  The information furnished in the interim
condensed financial statements include normal recurring adjustments and
reflects all adjustments, which, in the opinion of management, are necessary
for a fair presentation of such financial statements.  Although management
believes the disclosures and information presented are adequate to make the
information not misleading, it is suggested that these interim condensed
financial statements be read in conjunction with the Company's audited
financial statements and notes thereto included in its December 31, 2001
Annual Report on Form 10-KSB.  Operating results for the three months ended
March 31, 2002 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2002.

NOTE 2 - GOING CONCERN

The Company's consolidated financial statements are prepared using generally
accepted accounting principles applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business.  The Company has historically incurred significant
losses which have resulted in an accumulated deficit of $2,636,504 at December
31, 2001, a working capital deficit of approximately $1,312,000 and limited
internal financial resources.  These factors combined, raise substantial doubt
about the Company's ability to continue as a going concern.  The Company's
assets were entirely seized in August 2001.  Through some additional funding
in early 2002, the Company has been able to settle a large majority of its
outstanding debt.  The accompanying consolidated financial statements do not
include any adjustments relating to the recoverability and classification of
asset carrying amounts or the amount and classification of liabilities that
might result from the outcome of this uncertainty.

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LEXON TECHNOLOGIES, INC. AND SUBSIDIARY
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2002 and December 31,2001

NOTE 3 - MATERIAL EVENTS

During the three months ended March 31, 2002, the following significant events
occurred:

1. Settlement agreements were entered into with various creditors as follows:

                                      Original
                                       Amount
  Description                          of Debt     Settlement Amount
  -----------                        ---------     -----------------
  Notes payable - related parties
   and accrued interest             $  307,067    $5,100 plus 250,000 shares
                                                   of common stock valued at
                                                   $2,000

  Accrued wages                     $    8,500    $850

  Accounts payable                  $  395,064    $58,995 plus 400,000 shares
                                                   of common stock valued at
                                                   $3,200

These settlement agreements resulted in a gain on forgiveness of debt totaling
$640,486 for the three months ended March 31, 2002.

2.  Pursuant to the settlement agreement described above, the Company issued a
total of 650,000 shares of common stock valued at $5,200.  In addition, the
Company canceled 35,730 shares of common stock as part of a settlement
agreement with a creditor.

3.  The Company entered into a Bridge Loan with a corporation for a total of
$200,000, which was convertible into 25,000,000 shares of the Company's
outstanding common stock.  The Company received $150,000 of the $200,000
during the three months ended March 31, 2002 with the remaining $50,000
received on April 12, 2002.  Interest accrues on the loan at 4.5% per annum.
Accrued interest at March 31, 2002 totaled $1,687.

On April 14, 2002, the Company entered into a merger agreement with the Bridge
Loan creditor to acquire 100% of their outstanding common stock (see Note 4).

NOTE 4 - SUBSEQUENT EVENTS

On April 14, 2002, the Company entered into a merger agreement with Phacon
Corporation (Phacon) to acquire 100% of the outstanding common stock of Phacon
by issuing 17,500,000 (post-split) shares of common stock.  As part of the
agreement, the Company is to effect a 1 for 10 reverse stock split.  The
acquired shares of Phacon will be entirely canceled leaving the Company as the
surviving entity.  As part of the agreement, the $200,000 note will be
canceled.

The Company entered into two additional settlement agreements effective April
5, 2002 with two former employees.  The Company paid a total of $200 to settle
unpaid wages totaling $108,222 resulting in a gain on debt settlement of
$108,022.

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

Cautionary Statement Regarding Forward-looking Statements
---------------------------------------------------------
This report may contain "forward-looking" statements.  Examples of forward-
looking statements include, but are not limited to: (a) projections of
revenues, capital expenditures, growth, prospects, dividends, capital
structure and other financial matters; (b) statements of plans and objectives
of our management or Board of Directors; (c) statements of future economic
performance; (d) statements of assumptions underlying other statements and
statements about us and our business relating to the future; and (e) any
statements using the words "anticipate," "expect," "may," "project," "intend"
or similar expressions.

General
-------
Our assets were seized due to default on a loan agreement and sold at public
auction in August 2001. Since then, we have had no business operations.
Recently, our management obtained some conditional bridge financing from a
private California corporation, Phacon Corporation ("Phacon") to be used to
settle some of our outstanding debts and to  become current in our periodic
reporting obligations under section 13 or 15(d) of the Securities Exchange Act
of 1934, as amended.  This goal was achieved with the filing of our annual
report on Form 10KSB for the period ended December 31, 2001 on April 1, 2002.
Our common stock was subsequently relisted on the OTC Bulletin Board in the
middle of April 2002.  Phacon offered the bridge financing in connection with
negotiations for a possible business combination with us which has resulted in
the Agreement and Plan of Merger attached as an exhibit to our Definitive
Information Statement, filed with the Commission on May 8, 2002.

(a) Previous Business Activities
    ----------------------------
We were, together with our wholly-owned subsidiary, Chicago Map Corporation
("Chicago Map"), a developer and distributor of mapping and geographic data
technologies. We developed mapping software, including high-quality vector map
displays, geocoding, data compression, and other related software programs and
components. Our mission was to develop advanced, state-of-the-art solutions
that aid in the rapid and cost-efficient deployment of Geographic Information
System ("GIS") products for businesses and consumers.

(b)  Current Business Activities
     ---------------------------
Since the sale of our assets in August 2001, our management has been seeking
potential business acquisition or opportunities to enter in an effort to
recommence business operations.  We did not restrict our search for a business
opportunity to any particular industry or geographical area and considered the
possibility of engaging in essentially any business in any industry.

We have selected a potential business opportunity and have decided to merge
with Phacon based on our management's business judgment.  The merger will be
effective on May 29, 2002 and our operations will then consist of Phacon's
operations and will be conducted through Phacon's executive offices in
California.

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We were introduced to Phacon at the end of 2001 and we arranged a $200,000
loan from them, which funds were restricted for the settlement of some of our
outstanding indebtedness and the payment of professional fees in connection
with the filing of our past due reports with the Commission.  Since December
2001, we have reached settlements with a number of creditors, have prepared
and filed our past due reports with the Commission, and our common stock has
been relisted for quotation on the NASD's OTCBB.

Because of our past operating history, the report of our independent auditor
at December 31, 2001, contains a going concern qualification as to our ability
to continue.  Without entering into the Merger Agreement with Phacon, we did
not believe we could continue to operate, because we felt we had no
alternative source of capital.  Even with the proposed merger with Phacon,
there is substantial doubt about our ability to continue as a going concern,
because Phacon is also in need of additional funding in order to be able to
implement its business plan.

The following analysis of our results of operations for three month period
ended March 31, 2002 compared to March 31, 2001, may not be relevant to
understanding our future financial performance in that our assets were seized
in August 2001 and then sold at public auction. As a result, beginning January
1, 2002, we are considered to be a development stage company. Therefore, our
results of operations in 2001 from our former business operations are not
related to our results of operations in 2002 as a development stage company.
We believe that once the merger with Phacon is completed our results of
operations included in future filings will be more useful for developing an
understanding of our operations and prospective financial performance.

Results of Operations
---------------------
Three Months ended March 31, 2002 compared to March 31, 2001
------------------------------------------------------------------
We had no sales during the three months ended March 31, 2002 compared to the
sales of $84,617 for the three months ended March 31, 2001. The primary factor
in the total elimination of our sales was the seizure of our assets in August
2001 and their sale at public auction.

Because of no sales during the three months ended March 31, 2002, we had no
gross margin, while our gross margin during the three months ended March 31,
2001 was $84,400. Again, the primary factor contributing to these results was
the seizure of our assets in August 2001 and their sale at public auction.

Our selling, general and administrative expenses decreased to $108,906 for the
three months ended March 31, 2002 compared to $221,830 for the same period in
2001.  The decrease in operational expenses for the three months in 2002 is
obviously attributable to our ceasing business operations and those expenses
we did incur related to our payment of expenses associated with negotiating
the merger with Phacon, settlement of certain outstanding liabilities and
payment of professional fees in connection with updating and filing our past
due financial reports with the Commission.

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For the three months ended March 31, 2002, our net loss before extraordinary
items was $110,593 compared to $157,462 for the three months ended March 31,
2001. However, because of our efforts to negotiate settlements with certain
outstanding creditors, we recorded extraordinary income of $640,486 associated
with debt forgiveness.  As a result, we had net income of $529,893 for the
three month period ended March 31, 2002, as opposed to a net loss of $157,462
for the same period in 2001.  At March 31, 2002, we had total current
liabilities of $808,190, of which a substantial portion is represented by
accounts payable, accrued wages, and a convertible note payable. Because we
are continuing to negotiate settlements with various creditors, we may
continue to recognize a gain from debt forgiveness in future reporting
periods.  However, we cannot predict at this time whether additional
settlements will be made, and when made, whether such settlements will be at a
reduction to the amounts owed.

We had a basic loss per share of $0.01 for the three month period ended March
31, 2002, before taking into account our extraordinary income per share of
$0.04, resulting in basic income per share of $0.03 for the period, based on
weighted average common shares outstanding of 16,356,129. For the same three
month period in 2001, we had a basic loss per share of $0.01, based on
weighted average common shares outstanding of 15,872,561.

Liquidity and Capital Resources
-------------------------------
At March 31, 2002,  we had a working capital deficit of $776,405 compared to a
working capital deficit of $1,311,498 at December 31, 2001. Our reduction in
the working capital deficit is primarily attributed to the loan transaction
with Phacon and the settlement of outstanding obligations to our creditors.
The net cash used in operations was $113,670 for the three months ended March
31, 2002 compared to $2,945 for the same period in 2001.

Net cash provided by our financing activities was $144,900 for the three
months ended March 31, 2002, represented almost entirely by the proceeds from
our loan from Phacon. For the same period in 2001, net cash used in financing
activities was $3,928. Other than the Phacon loan, we have had no other
resources to expend on investing activities.

We have incurred significant losses which have resulted in an accumulated
deficit of $2,106,611 at March 31, 2002, a working capital deficit and limited
internal financial resources.  Accordingly, the report of the auditors at
December 31, 2001, includes a going concern qualification raising substantial
doubt about our ability to continue as a going concern.  At March 31, 2002, we
have reached debt settlements with certain related party shareholders whereby
$307,067 in notes payable and accrued interest were satisfied with total
payments of $5,100 cash plus the issuance of 250,000 shares of our restricted
common stock.  In addition, we satisfied $8,500 in accrued wages by payment of
$850 cash, and reached additional settlements whereby $395,064 in accounts
payable were satisfied by $58,995 plus the issuance of 400,000 shares of our
restricted common stock (see Note 3 to our financial statements).

The merger with Phacon will be effective on May 29, 2002, and our management
hopes to be able to be able to report on the success of our new operations in
subsequent reports.  Additional details regarding Phacon are included in the
Definitive Information Statement filed with the Commission on May 8, 2002.


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PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

We are not aware of any material pending or threatened litigation.

ITEM 2.  CHANGES IN THE RIGHTS OF THE COMPANY'S SECURITY HOLDERS
   None.

ITEM 3.  DEFAULT BY THE COMPANY ON ITS SENIOR SECURITIES
   None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS
   None.

ITEM 5.  OTHER INFORMATION
   None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
    --------
    None.

(b) Reports on Form 8-K
    -------------------
    None.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of  1934, we have
duly caused this report to be signed on our behalf by the undersigned,
thereunto duly authorized.

LEXON TECHNOLOGIES, INC.

Date: May 14, 2002

/S/Kenneth J. Eaken, President,
   Chief Executive Officer and Principal Accounting Officer